Mirae Asset
Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend
Category
Income
Plan type
Dividend
Structure
Open-ended
AMFI Scheme Code
107711
ISIN (Growth)
—
ISIN (Dividend)
—
Returns matrix
Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).
| Window | Fund | Category avg | +/− vs avg | Rank | Quartile |
|---|---|---|---|---|---|
| 1D | -0.20% | +6.99% | -7.19 | 519 / 763 | Q3 |
| 1W | -4.97% | +6.38% | -11.35 | 633 / 722 | Q4 |
| 2W | -5.33% | +6.63% | -11.96 | 638 / 725 | Q4 |
| 1M | -5.33% | +6.29% | -11.62 | 659 / 752 | Q4 |
| 3M | -5.33% | +7.87% | -13.20 | 637 / 728 | Q4 |
| 6M | -5.33% | +9.67% | -15.00 | 575 / 642 | Q4 |
| YTD | — | — | — | — | — |
| 1Y | — | — | — | — | — |
| 2Y | — | — | — | — | — |
| 3Y | — | — | — | — | — |
| 4Y | — | — | — | — | — |
| 5Y | — | — | — | — | — |
| 7Y | — | — | — | — | — |
| 10Y | — | — | — | — | — |
| Inception | -5.26% | -3.28% | -1.98 | 735 / 797 | Q4 |
Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%
Calendar-year returns
Full-year performance vs category average. Current year is partial (year-to-date).
| Year | Fund | Category avg | +/− vs avg | Rank |
|---|---|---|---|---|
| 2008 YTD | — | — | — | — |
Recent NAVs
| Date | NAV |
|---|---|
| 16 Oct 2008 | ₹948.0000 |
| 15 Oct 2008 | ₹949.8671 |
| 14 Oct 2008 | ₹954.5517 |
| 13 Oct 2008 | ₹983.4834 |
| 10 Oct 2008 | ₹989.8637 |
| 8 Oct 2008 | ₹997.6112 |
| 7 Oct 2008 | ₹1,001.6728 |
| 6 Oct 2008 | ₹1,001.3985 |
| 3 Oct 2008 | ₹1,001.3985 |
| 1 Oct 2008 | ₹1,001.3985 |
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Frequently asked questions
These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.
Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend is a Income from Mirae Asset (Institutional plan, IDCW (dividend) option). Latest NAV isn't currently available in our feed — the AMC publishes it once per business day after market close.
Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend has NAV history starting from 06 Mar 2008, a track record of about 18 years 3 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.
Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend is managed by Mirae Asset. It's classified by AMFI under the 'Income' SEBI category, which determines its peer set and tax treatment.
Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend doesn't have a complete 1-year window yet (we need at least 1 year of NAVs). Check the shorter-window returns above.
Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend doesn't have a complete 3-year window yet (we need at least 3 year of NAVs). Check the shorter-window returns above.
Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.
Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend doesn't yet have a 3-year CAGR on file, so a ₹1 lakh growth projection isn't reliable.
We don't have enough NAV history yet to simulate a SIP on Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend. The fund typically needs 12+ months for a 1-year SIP backtest.
Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend doesn't have enough SIP-backtest history yet. Check the 1-year SIP simulation above as soon as it has 12+ months of NAVs.
Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend doesn't yet have a peer rank on file — typically because its category set is too small or it lacks the required NAV history. Compare manually using the returns table above.
Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend doesn't have a computed drawdown figure yet.
Consistency stats for Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend need at least 3 years of NAVs to compute. They'll populate automatically once the fund has enough history.
We don't yet have a completed calendar-year return for Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend.
Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.
We don't give personal investment advice. Mirae Asset Ultra Short Term Bond Fund-Super Institutional Plan- Daily Dividend is suitable for an investor whose:
- time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
- primary goal is capital preservation or steady accrual, not high growth
- tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)
Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.
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